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QNB reported that the US dollar has maintained its status as one of the world's most important currencies and strongest financial assets over the past fifteen years, gaining more than 50 percent in value from the time of the global financial crisis and the European debt crisis (2008-2011) up to the second inauguration of Donald Trump as US president in 2025.In its weekly report, the bank said that the dollar's sustained rise was driven by the enduring outperformance of US financial markets and the reliance of global investors on dollar-denominated assets as a safe haven. Weak liquidity and heightened risk in both advanced and emerging economies drew capital flows into US Treasury bonds and equities, which benefitted from deep markets and unique advantages in security and innovation.However, QNB noted that the factors supporting the dollar's strength have come under significant pressure in 2025. The US Dollar Index (DXY) has fallen more than 10 percent since the start of the year, its largest annual drop since 1973, when President Richard Nixon ended the dollar's link to gold. The decline has been broad-based, spanning all major currencies in the index basket, including the euro, yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.Trade-weighted, inflation-adjusted exchange rate measures continue to show the dollar as overvalued relative to historical norms, particularly over the long term, reflecting changes in trade patterns, economic imbalances, and inflation differentials.The report projected a marked decline in US exceptionalism, with growth and interest-rate differentials narrowing toward those of other advanced economies. QNB expects the gap in GDP growth between the United States and the euro area, which averaged 220 basis points in favor of the US in recent years, to shrink to about 70 basis points during 2025-2027. This shift is likely to be driven by US fiscal and immigration policies alongside more positive fiscal dynamics in the eurozone. The European Central Bank is expected to complete, or nearly complete, its monetary easing cycle, while the US Federal Reserve is forecast to implement significant interest-rate cuts through the remainder of 2025 and into 2026.As a result, the real interest-rate spread between the US and the eurozone is projected to narrow from the current 170 basis points to zero by late 2026, which would favor a stronger euro and push the US Dollar Index lower. Because the euro makes up 57.6 percent of the DXY basket, even moderate euro appreciation could have a notable impact.The report also highlighted US efforts to restructure its economy by reducing the current-account deficit and encouraging the reshoring of strategic industries. These moves could cut trade surpluses among key partners and reduce capital flows that traditionally support the dollar. Adding to the pressure is the United States' negative Net International Investment Position (NIIP), estimated at about $24.6 trillion, which implies a gradual adjustment that could weigh on the currency.Despite these headwinds, QNB concluded that the current indicators do not point to an excessive or disorderly decline in the dollar in 2025. While the first half of the year has seen a sharp drop, continued selling pressure is more consistent with a gradual correction driven by elevated valuations and cyclical and structural economic factors rather than a collapse in confidence.

QNB Singapore has announced successful participation as a ‘Gold Sponsor’ at the recently concluded GTR Asia 2025 event held in Singapore.This year's gathering proved to be a “remarkable platform” for trade and finance professionals, featuring engaging formats that maximised audience participation and dialogue.Throughout the event, attendees engaged with a variety of highlights, including the dynamic Trade Showcase hosted by GTR Ventures, which highlighted innovative solutions and emerging trends in trade finance.The new boardroom scenario session focused on global trade security provided essential insights into pressing industry challenges, while in-depth discussions, fireside chats, and interactive presentations enriched the experience for all participants.A key feature of the event was the ‘Asia Bank to Bank Forum’, hosted by the Bankers Association for Finance and Trade (BAFT), where leading discussions on banking and finance addressed the unique opportunities and challenges faced in today's economic landscape.“As a Gold Sponsor, QNB Singapore was proud to be part of such a vital event that brings together a diverse range of stakeholders, from international banks to fintech firms,” said Silas Lee, CEO, QNB Singapore. “The discussions and exchanges at GTR Asia 2025 have provided valuable insights into the evolving trade finance sector, and we are excited to continue fostering these connections within the industry.”The GTR Asia 2025 event serves as a crucial forum for addressing the rapidly changing dynamics of trade finance, equipping professionals with the knowledge and tools necessary to navigate the complexities of the region’s trade operations.

QNB Group, in collaboration with the Ministry of Labor, organised the Open Recruitment Day which witnessed a large turnout of Qatari national graduates and talents seeking careers in the banking sector, supporting job nationalization plan within Qatar National Vision 2030 for sustainable economic growth. This initiative is part of QNB's ongoing programs, in cooperation with the Ministry of Labor, to implement this plan in line with the Third National Development Strategy 2024-2030 aimed at empowering citizens to increasingly participate in the labour market, providing them with unique job opportunities in the financial sector, QNB Group said in a press release. Senior Executive Vice President - Group Human Capital in QNB Group Abdullah Nasser Al Khalifa said: "The significant participation in the event clearly reflets Qatari youth's confidence in QNB as an employer of choice, on the one hand, and our commitment to engage more local talent across various roles, on the other hand. This initiative aligns with Qatar National Vision 2030 which places great emphasis on investing in our youth to support Qatar's sustainable development." "Our strong partnership with the Ministry of Labor demonstrates the success of the bank's nationalization strategy, strengthening the role of local talent in the sector and developing the next generation of leaders, while ensuring diversity and equal opportunity," he added. The event served as an active platform for participants to explore an array of career paths offered the bank and to apply for current openings. They also learned about current training opportunities, scholarships, and leadership development programs to support their career progression and prepare them for future leadership roles within the bank. This initiative underscores QNB's efforts in workforce nationalization which represents a major priority. The bank actively supports job localization, having more than 60% of its total workforce. The proportion of Qatari nationals holding leadership and senior positions increased to 76%, while women represent about 64% from the total Qatari workforce in the bank. At the branch level, the bank has achieved a 100% Qatarization rate for branch managers.

QNB Group will hold a ‘Recruitment Day’ on September 13, reaffirming its commitment to supporting Qatarisation, and providing outstanding career opportunities for Qatari nationals in the banking and financial sector.QNB is one of the largest financial institutions in the Middle East and Africa.The event, which will be held in collaboration with the Ministry of Labour, will serve as a platform to attract, engage, and recruit talented Qatari jobseekers, offering them the opportunity to explore a wide range of career paths within QNB.In addition to immediate recruitment opportunities, QNB will showcase its specialised training programmes, scholarship initiatives, and leadership development pathways designed to empower young Qataris and prepare them for future leadership roles in the Bank.QNB’s Recruitment Day reflects the bank’s firm commitment to the Qatar National Vision 2030 by fostering human capital development and equipping the national workforce with the skills and expertise needed to contribute to the sustainable growth of the economy.Abdulla Nasser al-Khalifa, Senior Executive Vice President, QNB Group Human Capital said:“At QNB, we believe that our national talents are the foundation of our success. Through our Recruitment Day and Qatarisation strategy, we aim to provide not only employment opportunities but also long-term career development that will enable young Qataris to grow, thrive, and lead the future of banking in Qatar and beyond.”QNB continues to lead the way in developing innovative initiatives that ensure its role as a key contributor to national workforce development and the growth of the banking industry in Qatar.

QNB KSA has announced the signing of a strategic partnership agreement with Sanad Pay, a leading Saudi fintech and licensed point-of-sale (POS) service provider, to introduce smart, cloud-based POS terminals that bring merchants seamless connectivity, modern design, and real-time analytics to enhance their business performance.The agreement marks the start of a collaboration aimed at providing merchants across Saudi Arabia with secure, reliable, and innovative POS solutions that meet the highest standards of quality and compliance, in line with Saudi Vision 2030’s goal of advancing a cashless economy.The signing was attended by Hashim Alawi al-Hussain, VP Transaction Banking at QNB KSA and Maher Mahdi al-Shahin, CEO, Sanad Pay, in the presence of several senior representatives from both sides.Through this service, merchants can accept multiple payment methods including debit and credit cards (Visa, MasterCard, Mada), contactless payments (Apple Pay, STC Pay), and QR code transactions — all through a single device.The solution also provides advanced digital invoicing, inventory management, and accounting system integration, allowing businesses to track and manage their operations efficiently.With built-in monitoring and backup systems, merchants are assured of uninterrupted business operations, while a centralised platform enables them to access consolidated reports and monitor sales performance with ease.This initiative allows QNB KSA to expand its value-added services offering to clients while maintaining its core banking and relationship focus.

In recognition of its “outstanding efforts in supporting national employment and enhancing the participation of Qatari talents in the private sector”, QNB was honoured during the 11th meeting of the Gulf Co-operation Council (GCC) Ministers of Labour Committee, held recently in Kuwait.This recognition reaffirms QNB’s leading role in contributing to Qatar’s economic and social development by attracting national talent and providing quality job opportunities for Qatari youth.On this occasion, Khalil Ibrahim al-Ansari, executive vice president- HR Strategy and Integration, QNB Group Human Capital commented:“We are proud of this recognition, which reflects our strong commitment to supporting Qatar’s nationalisation plans and empowering Qatari talents to play a vital role in the private sector. Developing national human capital is a cornerstone of our strategy and long-term vision.QNB remains committed to its Qatarisation strategy through various initiatives and programmes that empower Qatari professionals, in alignment with Qatar National Vision 2030.QNB sponsors key initiatives in the financial sector in collaboration with academic and business partners, such as “Kawader Malia Programme,” which focuses on training and developing Qatari talent.

Despite the challenges posed by higher US tariff rates, the global economy will remain largely resilient against the uncertainty and the disruptions in global trade flows, according to QNB.At the beginning of the year, the global outlook pointed to steady economic growth, against a backdrop of cautious optimism. Tailwinds included the policy rate cutting cycles by major central banks, resilient growth of the US economy, cyclical recoveries in China and the Euro Area, and constructive overall investor sentiment, QNB noted in an economic commentary.Growth in both Advanced Economies (AE) and Developing Economies (DE) was initially expected to remain unchanged compared to last year, adding up to a world economic expansion rate of 3.3%.But the optimistic tone began to shift as the new US administration embarked on an aggressive agenda of policy change, with sweeping implications for the global macroeconomic landscape.On April 2, a day that came to be known as “Liberation Day,” President Trump announced sweeping tariffs, including a 10% baseline levy on all imports, and higher rates on selected countries.Financial markets reacted sharply to the announcements, with global stocks tumbling on fears of broader and deeper trade wars, as well as tainted policy credibility.The outlook narrative then debated the odds of a world recession. At its worst moment, growth expectations for the global economy dropped from the recent peak by 0.5 percentage point (p.p.) to 2.8%, a significant downgrade in a very short period of time.Since then, asset prices have recovered, with key indices reaching new highs, as the more negative trade-war scenarios were ruled out, AI-driven growth tailwinds regained the spotlight, and corporate profits remained robust.According to QNB, growth expectations have stabilised and even slightly recovered. The group of AE, which represents 40% of the world economy, is now expected to grow 1.5% this year, from a low of 1.4%.More significantly, after falling 0.5 p.p. to 3.7%, expectations for growth in the Developing Economies (DE) climbed to 4.1%, re-gaining most of the previous losses.Thus, recovering growth projections across the AE and DE groups are contributing to improving the outlook for global economic growth, which is expected to reach 3%.In QNB’s view, despite the challenges posed by higher US tariff rates, the global economy will remain largely resilient against the uncertainty and the disruptions in global trade flows.QNB has discussed two key factors that support its view of an improving global economic outlook.First, the US administration has concluded a first set of negotiations, which helped moderate uncertainty and discard the most extreme negative scenarios. The initially unyielding position of President Trump shifted towards pragmatism as deals were reached with the UK, Japan, Indonesia, Vietnam, the Philippines, and the EU, among others, narrowing the range of potential tariff rates for the rest of the world. Furthermore, even as the US has become more protectionist, the rest of the world is largely continuing to move in the opposite direction.From the European Union (EU) to Asia and Latin America, most major economies continue to view trade as essential to their growth models, and are actively pursuing deeper integration via new or deeper trade agreements. Even as the world adjusts to a more protectionist US, the outlook on global trade has improved, contributing to a less pessimistic growth scenario.Second, monetary policy easing cycles by major central banks will contribute to improve overall financial conditions and the stability of the global economy. Bringing inflation under control has allowed the US Federal Reserve and the European Central Bank (ECB), the two most important central banks in the AE, to start their interest rate cutting cycles.In the US, the Federal Reserve is set to cut its policy interest rate by 125 basis points over the next year, while the ECB could implement one more cut, bringing its benchmark rate to 1.75%. Stock markets have staged a notable recovery backed by resilient corporate earnings, while corporate credit spreads are narrowing, signalling improved market sentiment and easier credit for firms.The Financial Conditions Index (FCI) provides an informative summary of the overall state of markets, and is signalling that improving conditions are reducing borrowing costs for households and business, adding support to consumption and investment.“All in all, the global outlook initially deteriorated sharply after the US tariff announcements, but pessimism has gradually subsided on the back of improving prospects for international trade and better financial conditions supporting consumption and investment, leading to a broad based upgrade of performance expected across the AE and the DE,” QNB added.

QNB announced a significant partnership with the Ministry of Communications and Information Technology (MCIT) to support the Tasmu Accelerator, an annual initiative launched to support global startups in introducing innovative solutions that contribute to Qatar’s transformation into a smart nation.The initiative focuses on strategic sectors such as healthcare, transportation and logistics, environment, financial services, and smart cities, aligning with Qatar’s long-term development objectives.As part of this partnership, QNB has reaffirmed its commitment to empowering innovation and fostering sustainable growth by supporting startups that drive digital transformation and technological progress in Qatar.Khalid Ahmed al-Sada, Senior Executive Vice-President, QNB Group Corporate and Institutional Banking, said:“Our sponsorship of the Tasmu Accelerator reflects QNB’s strong belief in the power of innovation and technology as key drivers of Qatar’s sustainable future. By supporting startups and entrepreneurs through this programme, we are contributing to Qatar’s Vision of becoming a Smart Nation and reinforcing our role as a trusted partner in the country’s digital transformation journey.”Commenting on the partnership, Eman al-Kuwari, Director of Digital Innovation at the Ministry of Communications and Information Technology, stated: “Our partnership with QNB reflects our mutual commitment to building a more diversified and sustainable economy by supporting innovation and entrepreneurship.“Through this co-operation, we aim to empower startups and emerging companies with the tools and opportunities needed to grow, while enhancing Qatar’s position as a regional hub for innovation and entrepreneurship. This also aligns with the Qatar National Vision 2030 and supports the country’s transformation into a knowledge-based economy.This initiative comes as part of QNB’s broader strategy to support the nation’s economic diversification and digital innovation goals in line with Qatar National Vision 2030.

Driven by the public sector, loans disbursed by the local banks in Qatar increased by 1.1% MoM to QR1,406.9bn in July, according to QNB Financial Services (QNBFS).Total public sector loans expanded by 4.5% MoM (+9.5% on FY2024) in July.The government segment (represents 35% of public sector loans) was the main driver for the public sector gains with an expansion of 7.2% MoM (+32.7% on FY2024), while the government institutions segment (represents 61% of total public sector loans) increased by 3.3% MoM (+0.4% on FY2024).Further, the semi-government institutions segment contributed immaterially, moving up by 1.1% MoM (-0.9% compared to FY2024) during July.Total private sector loans were flat MoM (+2.6% vs. FY2024) during July with negligible contribution across all segments.Outside Qatar loans were flat MoM (and compared to year-end 2024) in July, QNBFS said in its ‘Qatar Monthly Key Banking Indicators’.Loan provisions to gross loans moved up to 4.2% MoM in July, compared to 3.9% (as of year-end 2024).Loan provisions have increased 11.8% compared to year-end 2024 as banks have been provisioning for Stage 2 and Stage 3 loans mainly emanating from contracting and real estate sectors.On a positive note, Stage 3 loans have remained stable.Loans grew by an average 5.4% over the past five years (2020-2024), QNBFS noted.Banking sector total assets remained flat MoM (+3.4% vs. year-end 2024) in July 2025 at QR2.117tn.With loans growth outpacing deposits during July 2025, the loan-to-deposit ratio (LDR) came in at 134% compared to 132% in June.Public sector deposits climbed up by 0.6% MoM (+3.4% compared to FY2024) in July.Looking at segment details, the government segment (represents 34% of public sector deposits) moved up by 1.6% MoM (+4% compared to FY2024).On the other hand, the government institutions’ (represents 54% of public sector deposits) was flat MoM (+4.1% vs. FY2024), while the semi-government institutions’ segment (represents 12% of public sector deposits) increased by 1.9% MoM (-1.6% vs. FY2024) during July 2025.Non-resident deposits contracted by 3.2% MoM (-2.2% vs. FY2024) during July 2025. Non-resident deposits as a percentage of declined from 19.2% in June 2025 to 18.7% in July 2025 (FY2025: 19.5%).Private sector deposits remained flat MoM (+2.9% compared to FY2024) in July.On the private sector front, companies and institutions was flat MoM (Flat compared to FY2024). Moreover, the consumer segment also remained flat MoM (+5.2% compared to FY2024).The overall loan book increased by 1.1% MoM in July 2025, aided by public sector loans.Qatar banking sector liquid assets to total assets stood at 31% in July compared to 32% in June, which remains in a strong position, QNBFS said.